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SabreFan1

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Everything posted by SabreFan1

  1. It's still there. The U.S. government could sell it all and not even make a dent in the debt that it owes. Germany knows this as does every other country in the world. The story that you are thinking about must have taken place a number of decades ago. Before the world took itself off of the gold standard, you could take a US bank note (money) and trade it in for its equivalent in gold. Many people in the world (including regular Americans) also believe that all of the US government debt is owed to foreign governments. That's not the case. A good chunk of that debt is internal. Social Security alone holds roughly 4 Trillion dollars in US government debt. China and Japan are the biggest foreign debt holders. They hold U.S. debt notes totaling a bit over a Trillion dollars each. I wish people would learn more about the world's economy. It's fascinating and scary all at once. It's a planet-wide house of cards just waiting to one day collapse.
  2. All of the gold, platinum, and silver in the world wouldn't even come close to backing up the amount of outstanding bank notes that even just the U.S. has in circulation. Then mix in the EU, England, European Union, Canada, etc. In today's world money only has value because governments say it does. If you ever take a University economics class, you'll be surprised on how the world's finances are set up. I know it freaked me out the first time I read about it. It's like a giant pyramid scheme. The only reason that the US is still solvent and can continue to borrow massive amounts of money is because of the enormity of its yearly GDP.
  3. Even though I think that Bitcoin is a poor investment, you should look up the concept of "fiat money". Bitcoin is the same exact thing. The only difference is that Bitcoin isn't backed by or controlled by any one government. Commodity based cash disappeared a long time ago. Gold and Silver are good long term investments because precious metals are a true tangible commodity that has always been and always will be sought after by people.
  4. Even though I like the idea of decentralized money, I agree with you about it eventually tanking. It's just one giant experimental bubble. Although to be fair to Bitcoin, I remember when it first came out. Back then I always told people over the internet that it would always be worthless and that it would eventually be forgotten about and then abandoned. Whoops, my bad.
  5. Just like standard money or even company stocks, you can break down a bitcoin to any decimal point that you want to. If you want to know where the money "comes from" and where it "goes to" during a transaction, then read up on Bitcoin Wallets.
  6. China can do it because of the way that they are set up. Most other countries have free trade within its borders. If you wanted to sell me your car for two gumdrops, that is your right. To you and I, the gumdrops would be our currency. Nobody could really stop us from doing it. I would just have to pay taxes on that car in US cash. http://www.latimes.com/local/lanow/la-me-ln-lamborghini-bitcoin-20131212,0,847450.story#axzz2pl0X8Xc6
  7. Um, no. All that did was just pretty much tick off a whole bunch of gun/drug dealers. Those busts actually helped Bitcoin.
  8. Check your Bitcoin Wallett again. Is it possible to still send money to my wallet, even if it's backed up and offline? Do bitcoins ever expire if they're not spent, or is there anything bad that can happen by not using my bitcoin client in a long time? Daniel.benoy 23:18, 8 June 2011 (GMT) Technically your wallet does not hold bitcoins but rather the keys to those bitcoins. So whether you are online, offline, or dead is totally irrelevant to the Bitcoin network. They also never expire. The worst that can happen by not using it for a long time is that it will take a while to sync with the network. en.bitcoin.it/wiki/Talk:Securing_your_wallet I'll give you $10 for the keys to your bitcoin wallett!!! Do eeet! P.S. When you do finally find your Bitcoins, feel free to send me a 15% advisory fee.
  9. Tell that to the U.S. IRS. If you farted candy and people bought the candy then the US IRS would consider you a business owner and they would demand a cut. http://www.forbes.com/sites/cameronkeng/2014/01/06/bitcoin-is-not-anonymous-and-is-always-taxable-part-2/
  10. The holidays were not the reason that Bitcoin took a hard hit. Google: "China" & "Bitcoin".
  11. Zack turns 23 in a month. You won't get a better idea about his future until next season when he turns 24. If he is still having the same problems and isn't getting any better towards the end of next season then he is a bust/disappointment. You'll have a much better idea about Kassian by the end of next season. For right now disappointment is a bit of a strong word. For those comparing him to Hodgson, look at it this way: Hodgson is improving on his defensive skills, you can definitely see the improvement from last season but at most his defense at its best will be average. The one thing that he will always lack is speed and that is one thing that will follow him throughout his career. The most he can do to improve a little in that regard is work on his technique with the Sabre's skating coach. Kass has the tools to excel. He's big, fast, and on occasion shows that he can score goals. I've said it before, what will make him or break him is his coaching. If in the end he can be molded into a second line staple then he will have been well worth the price. Right now Hodgson is only on the Sabre's first line by default, but on any good team he would be a second liner and there's nothing wrong with that. For now, just expect Kass to be a very average third liner. At this point in his career, that's not a bad thing. If he's still only very average or worse towards the end of next season though, that would be the time to panic and complain.
  12. That's one of the things that is so aggravating about Regier. He makes great trades and drafts pretty well. He is horrible in the free agent market and with the exception of Hodgson's contract, he manages to screw them up most of the time. The owner has given him an unlimited amount of money to play around with so any stupid contract mistakes he makes become amplified. It looks like he may have come close to making a giant screwup. I'm just glad Vanek isn't greedy and chose to move on no matter what he was offered. Most players would have signed a contract like that in a heartbeat.
  13. Here's hoping the Sabres end up with the 2015 first rounder instead of a 2014. 2014 is shaping up to be a less than stellar draft.
  14. By the looks of it Regier almost did something very stupid. http://www.cbssports.com/nhl/eye-on-hockey/24151403/report-sabres-were-willing-to-make-thomas-vanek-highestpaid-in-nhl Fortunately Vanek wanted to get the heck out of town so he could go to a better team. If turning down the largest contract in NHL history doesn't scream "I want to play for Minnesota" then I don't know what does!
  15. Here it is. http://investigations.nbcnews.com/_news/2013/10/08/20870446-undercover-cop-seen-on-video-attacking-suv?lite I've said plenty of times that the NYPD is full of power-tripping scumbags. Here's one of the moronic cops that help prove it. Before anybody says it, a cop doesn't need to pretend he's a "hard-core" biker by smashing a back window of the SUV then riding off like he's a bad-a**. To make matters even worse, the people closest to him (most likely the other cops that were in the procession) lied to try and cover up his idiotic move. Can you tell that I don't like the NYPD as a whole in particular and power-tripping cops in general?
  16. On another note ... I had no idea that Range Rovers were that bad-ass. It ran those bikes over like they were barely there.
  17. Mortal Instruments. 6/10. It's only a 6 because it is basically a movie that is trying to set up a sequel for the second book of the series that it's based on. The screenwriters did a poor job.
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